John Fisher sees many disadvantages with no benefits Brexit, UK’s exit from the EU, will have significant impact on the budgets of the remaining 27. In broad terms, they will now have to find on average 4% more in contributions to make the books balance, because the UK is a net contributor.
Bureaucrats in Brussels are making light of the current discussions, saying they have much more pressing issues, such as the security of the Southern Mediterranean borders, sluggish economic growth and widespread youth unemployment.